For the first time in the 60 years history, Tatneft started crude oil production abroad. Doing this, the Company made a new significant step in expanding the resource base of the Company and enhancing its credibility not only the Republic of Tatarstan, but also in the Russian Federation.
Al Bou Kamal Petroleum Company, a joint venture between Tatneft and the General Petroleum Corporation of Syria, established on a parity basis, started crude oil production from the South Kishma oil field in the Syrian Arab Republic on April 7. Crude oil recoverable reserves of the field are estimated in the amount of 4.9 million tons of oil.
The production comes from well South Kishma-1 in a flowing mode. Daily well production rate is about 80 tons of light dry oil (470 API). Completion of well South Kishma-101 is in progress after acid fracturing, while the third well South Kishma-2 is in for development after drilling.
Crude oil is delivered by oil tanker trucks to the Kishma separation station owned by the Syrian Petroleum Company and located 17 kilometers away from the production site.
Tatneft was the first Russian company to win an open international tender and conclude a Production Sharing (PSA) Oil and Gas Exploration and Production Agreement in Syria in 2003.
Block 27 is located in the southeastern part of Syria in the Deir ez-Zor province on the border with Iraq. The total area of the block is over 1.9 thousand square kilometers.
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